Hyundai has seen its trajectory rise exponentially over the past few years, but one thing it still lacks is a halo supercar. Rumor has it, however, that the Korean automaker could be looking to fix that with a new challenger to the likes of the Nissan GT-R, Porsche 911 and Chevrolet Corvette.

Inside Line reports that the rumors remain unsubstantiated but appearing to be growing legs just the same, with front- or mid-engine layouts reportedly under consideration. The closest thing Hyundai has done to date was collaborating on the RMR Genesis PM580, Rhys Millen's Pikes Peak challenger (pictured above).

According to the report, power could come from an enlarged version of the 5.0-liter Tau V8 in the 2012 Genesis R-Spec, with a price tag mooted in the $80,000-$100,000 range. Enticing, certainly, but we have a distinct feeling this is one of those rumors that'll never come to see the light of day.Hyundai supercar under consideration? originally appeared on Autoblog on Mon, 11 Jul 2011 10:31:00 EST. Please see our terms for use of feeds.

I have watched a lot on this and in hopes of some news... I know the biggest issues where things like having a good working transmission that could handle high power output... what do you know... few months later "Hyundai is developing a new 10-speed" coincidence??? I think not... Two... Hyundai didn't have a high speed testing facility or track locally to beat on cars with... Answer... Oh look there is a nice new Formula 1 track (probably one of the nicest in the world well top 5)... Hmmmm

Then I have heard... this is a very large rumor Hyundai is developing a racing division and when Formula 1 moves to the new 2.4L Turbo 4 setups in 2013 Hyundai might be supplying a motor to an un-named team at this time. Usually once a company starts a racing division supercars like to follow. HEHEHE